Finance Minister meets with US firms

Vietnam ’s Minister of Finance Vuong Dinh Hue On Feb. 23 met with a
delegation of Singapore-based US businesses, headed by the US
Ambassador to Singapore David Adelman.

Minister
Hue applauded the delegation for visiting Vietnam , saying that the US
is an increasingly important partner for Vietnam as two-way trade
between both countries has been rising in recent years.

Hue said that Vietnam is focusing on reforming administrative
procedures, especially when concerning tax and customs, to attract more
foreign investors in the future. The country will also pay more
attention to developing its infrastructure and respect preferential
tariff commitments and financial policies for investors.

The Minister stressed the Vietnamese government will ask the National
Assembly to fine tune and approve several laws to help speed up the
reform of its economic policies to assist foreign businesses that invest
in Vietnam.

Ambassador Adelman said he hoped that
the Ministry of Finance will continue to create the best possible
conditions for all overseas businesses, including US firms, to expand
their investment portfolios in Vietnam.-VNA